Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of crypto markets such as quarterly XRP sales, relevant XRP-related announcements and commentary on market developments over the previous quarter.
Ripple has recently released its “Q4 2021 XRP Markets” report. This report highlighted a significant increase in the company's total XRP sales. In addition, according to the 4th Quarter report; Ripple's XRP sales reached $1 billion 39 million in the last quarter.
According to Ripple's 2021 4th Quarter XRP Markets report; Sales to “On-Demand Liquidity” (ODL) customers in the third quarter of 2021 exceeded $1 billion in the fourth quarter. This figure was $492 million in the previous quarter. In addition, the Company stated that all sales related to ODL have increased.
However, the company also announced that it purchased $322 million worth of XRP from the secondary market in the fourth quarter.
Ripple thinks that one of the reasons for the overall growth is its On Demand Liquidity (ODL) service, which uses XRP as a bridge between fiat currencies. It also says that this service continues to be in greater demand globally.
Finally, let's take a look at the status of Ripple (XRP), which ranks eighth on the CoinMarketCap list.
XRP price is $0.617808 at the time of news and a 24-hour trading volume is $2,451,395,000. The price has increased by 3.1% in the last 24 hours. There is a circulating supply of 48 Billion XRP coins, with a total supply of 100 Billion coins. Upbit is currently the most active market where this is traded.
Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time.